According to participants in the Chicago Fed’s annual Automotive Outlook Symposium, the nation’s economic growth is forecasted to be solid this year and to strengthen somewhat in 2015. Inflation is expected to increase in 2014 and remain flat in 2015. The unemployment rate is anticipated to move lower but remain near 6% through the end of 2015. Light vehicle sales are predicted to improve moderately in 2014 and 2015.
[click on image to read the entire forecast]
[click on image to read the entire forecast]
Source:Â http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2014/cfljuly2014_324b.pdf
